Erm. Sorry, but this chart won't do. Exp. triangles are rare, but that's OK, everybody has favorites. But: even in an exp. triangle every move is a correction, however this one has at least two impulse ('c' and 'e'). Also, even if it's an expanding triangle, it should be taken as a correction, not a (finishing) motive. So '4' should be placed somewhere on its bottom (and then some fifth up).

For a Freestyle Elliott it's still not the best - I've seen charts where people counting backward (5-4-3-2-1), or mixed (1-a-2-b), or with negative numbers, or on the RSI chart only. So it lacks that ... quality what would made it really unique ;-)

Still, it has a grain of truth in it. That triangle-like thing is indeed there, and by my experience even a rare and/or irregular triangle means that a serious thrust is building up somewhere in the background.

with earnings just starting up and coming in pretty good at least better than expected again , can't see any pullback for a while. nothing holding this market back now. worse case 5% to 2050 but more likely 3% to 2100 then back up to levels never seen before. long term it looks good. slow steady rise a good long term holder market to be in

I am watching the emerging markets for clues. Things like fxi eem.. They have cup and handle breakouts or head and shoulder bottom breakouts. If they hold and don't put in another bull trap like they have liked to do the past 3 years, then we are really off to the races.

ken, disagree about earnings always better, but they have been for the past 7 years and the s&p outlook for 2017 is expected to be in double digits. and that kind of growth will continue to drive stocks at levels never seen before.

ken---this is direct from the s&p site. profit outlook is pretty solid

"The prospect of sustained improvement in consumer discretionary revenue growth would also bode well for anticipated double-digit earnings growth throughout 2016 and even the healthier 14%-16% growth rate into 2017 according S&P Global Market Intelligence aggregate consensus earnings expectations data."

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